IN SB0072 | 2021 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Engrossed on February 23 2021 - 50% progression, died in committee
Action: 2021-03-04 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]

Summary

Taxation of farm property. Makes new farm equipment and new agricultural improvements eligible for local tax abatement using the same procedures for tax abatement under current law for new manufacturing equipment, new research and development equipment, new logistical distribution equipment, and new information technology equipment, or redevelopment and rehabilitation in the case of new agricultural improvements. Limits an abatement schedule for new farm equipment and new agricultural improvements to not more than five years. Specifies how agricultural improvements shall be assessed for tax purposes.

Tracking Information

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Title

Taxation of farm property.

Sponsors


Roll Calls

2021-02-22 - Senate - Senate Floor - (Y: 49 N: 0 NV: 0 Abs: 1) [PASS]
2021-02-16 - Senate - Senate - Committee Vote (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-03-04HouseFirst reading: referred to Committee on Ways and Means
2021-02-23SenateReferred to the House
2021-02-22SenateCosponsor: Representative Aylesworth
2021-02-22SenateHouse sponsor: Representative Slager
2021-02-22SenateThird reading: passed; Roll Call 148: yeas 49, nays 0
2021-02-22SenateSenator Randolph added as coauthor
2021-02-18SenateSecond reading: ordered engrossed
2021-02-16SenateCommittee report: amend do pass, adopted
2021-02-11SenateSenator Charbonneau added as second author
2021-01-04SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2021-01-04SenateAuthored by Senator Niemeyer

Indiana State Sources

TypeSource
Summaryhttps://iga.in.gov/legislative/2021/bills/senate/72/details
Texthttp://iga.in.gov/static-documents/6/4/e/2/64e2d36c/SB0072.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/3/d/4/2/3d42c70c/SB0072.01.INTR.pdf
Texthttp://iga.in.gov/static-documents/7/f/a/9/7fa929f1/SB0072.02.COMS.pdf
Supplementhttp://iga.in.gov/static-documents/6/c/e/9/6ce94820/SB0072.01.INTR.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/5/1/1/3/51138afe/SB0072.01.INTR.CRS001.pdf
Supplementhttp://iga.in.gov/static-documents/e/2/6/0/e2603a2e/SB0072.02.COMS.FN001.pdf
Supplementhttp://iga.in.gov/static-documents/e/d/8/3/ed839715/SB0072.02.COMS.FN002.pdf
Supplementhttp://iga.in.gov/static-documents/d/d/7/5/dd75eaa1/SB0072.02.COMS.FN003.pdf
Roll Callhttp://iga.in.gov/static-documents/b/4/c/7/b4c79fbb/SB0072.01.INTR.01.pdf
Roll Callhttp://iga.in.gov/static-documents/1/c/8/2/1c82bf29/SB0072.148_S.pdf

Bill Comments

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